Genetic Algorithms and Investment Strategies

When you combine nature's efficiency and the computer's speed, the
financial possibilities are almost limitless. Today's traders and
investment analysts require faster, sleeker weaponry in today's
ruthless financial marketplace. Battles are now waged at computer
speed, with skirmishes lasting not days or weeks, but mere hours.
In his series of influential articles, Richard Bauer has shown why
these professionals must add new computerized decision-making tools
to their arsenal if they are to succeed. In Genetic Algorithms and
Investment Strategies, he uniquely focuses on the most powerful
weapon of all, revealing how the speed, power, and flexibility of
GAs can help them consistently devise winning investment
strategies. The only book to demonstrate how GAs can work
effectively in the world of finance, it first describes the
biological and historical bases of GAs as well as other
computerized approaches such as neural networks and chaos theory.
It goes on to compare their uses, advantages, and overall
superiority of GAs. In subsequently presenting a basic optimization
problem, Genetic Algorithms and Investment Strategies outlines the
essential steps involved in using a GA and shows how it mimics
nature's evolutionary process by moving quickly toward a
near-optimal solution. Introduced to advanced variations of
essential GA procedures, readers soon learn how GAs can be used
to:
* Solve large, complex problems and smaller sets of problems
* Serve the needs of traders with widely different investment
philosophies
* Develop sound market timing trading rules in the stock and bond
markets
* Select profitable individual stocks and bonds
* Devise powerful portfolio management systems
Complete with information on relevant software programs, a glossary
of GA terminology, and an extensive bibliography covering
computerized approaches and market timing, Genetic Algorithms and
Investment Strategies unveils in clear, nontechnical language a
remarkably efficient strategic decision-making process that, when
imaginatively used, enables traders and investment analysts to reap
significant financial rewards.

About the author RICHARD J. BAUER, JR., is a Certified Financial Analyst as well as an MBA Program Director and Professor in the School of Business and Administration at St. Mary's University in San Antonio, Texas. The author and coauthor of several papers on genetic algorithms, artificial intelligence, and computerized trading strategies, he is a contributor to the book, Expert Systems in Finance.

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